Ngern Tid Lor Public Company Limited (TIDLOR) has approved an interim cash dividend of 0.438 Baht per share, equivalent to 40% of its net profit for the first nine months of 2024. The record date for eligible shareholders is January 6, 2025, with payment scheduled for January 17, 2025.
Managing Director Mr. Piyasak Ukritnukun stated, "Given our strong financial performance, high retained earnings, and robust liquidity, along with confidence in our 2025 operations, the company deems it appropriate to declare this special dividend."
The Board also reviewed the progress of TIDLOR's shareholding and management restructuring plan. With Securities and Exchange Commission (SEC) approval secured for the securities offering and tender offer process, further regulatory consents are being sought. As a result, the tender offer timeline has been rescheduled to 2025.
TIDLOR remains committed to advancing its InsurTech platform, driving growth in its insurance brokerage business, and maintaining efficient cost management. The company reported continued strong growth in Q4 2024 for its insurance brokerage sector and a recovery in the lending business, achieving a Non-Performing Loan (NPL) ratio below 2%, significantly outperforming the industry average.
For updates on the restructuring plan and tender offer, visit www.tidlorinvestor.com or www.set.or.th.
